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Fun chart from Reddit today: https://i.redd.it/dnlduddb5ha01.jpg https://i.redd.it/dnlduddb5ha01.jpg

• pishpash 9y ago
  Yeah, nice use of log chart there.
  • bsaul 9y ago
    yes, i can't believe people still fall for that..
  • dfrey 9y ago
    It still looks volatile even on a log chart!
  • dahdum 9y ago
    It's difficult to graph that period of time and still capture the drawbacks without a log chart. If someone misreads the chart as linear the current drop would be terrifying though, with no previous precedence.
• spookthesunset 9y ago
  I love that it is a classic bitcoin log chart designed to hide the massive volatility of bitcoin. The financial prowess of the average bitcoin "investor" never ceases to amaze. As they say, a sucker is born every minute and a fool and their money are soon parted...
  • colemannugent 9y ago
    >classic bitcoin log chart designed to hide the massive volatility of bitcoin No, it's not designed to hide volatility, it's designed to show a quick overview of the long term changes of Bitcoin. Logarithmic scales are incredibly useful when you have very fast rate of change. Look at a linear chart of Bitcoin over the same range, it's not very useful. You can quickly see from this chart that Bitcoin is still on a massive tear, though the annotations are a bit cheeky.
  • shawabawa3 9y ago
    A log graph is more honest. The same size drop is always the same % drop, a linear graph would be dishonest